Now is the accumulation phase. In fact, for my own selfish reasons, I'd be happy if HRZ dropped even further. In the medium run, I see gold going further up and particularly HRZ being an easy 10-bagger in the future. It is just a matter of time. The markets are still currently under government stimulus highs and central banks are still being completely spastic. This can't last forever. I do believe bond yields will go up again and gold will drop further - time to accumulate! However, once the reality check arrives and the government / central bank narrative changes, the bond yields will go down again and gold will be the safe haven that will absolutely skyrocket. All this could happen in a much shorter time frame than we are all anticipating. Overall, I am pretty bullish on HRZ.
HRZ Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
